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ADQ finalizes acquisition of stakes in state-run petchem, drilling companies
The Emirati wealth fund acquired 25-35% stakes in the three state-run firms for USD 800 mn
THIS EVENING: Abu Dhabi’s ADQ wraps up acquisitions in three state-owned companies
Good afternoon friends, and welcome to this Tuesday-hump-day. Despite the regional war steering the local and international news we have…
What the IEA says the global electricity grid needs — and where Egypt’s grid stands
Global electricity grids need to double in size by 2040 in order to meet climate targets
Maersk signs framework agreement to acquire half of Zafarana wind farm
Maersk and the Egyptian government are still in negotiations regarding the value of the stake.
PHD to expand Palm Hills October after acquiring new land plot. PLUS: More Chinese investment?
The real estate developer expects to draw EGP 85 bn in sales proceeds from the plot over a 5-7-year period
What’s happening with Midar?
Midar was established in 2006 to develop the 11k-feddan Mostakbal City project
The road to the IMF review
The election is complicating the review, and is leaving little time for it to be completed before next year
THIS EVENING: We now know the Gulf firms that will be redeveloping the NDP’s former headquarters
Good afternoon, friends, and a very happy Sunday. We have a reasonably brisk start to the week here in Omm…
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